McDonald’s presented an increase in its billing of 11% in the first quarter of 2022, the figure exceeds US$ 5,700 million to what was obtained by the fast food firm in the same period of 2021.
Thus, the company exceeded the expectations of market results in the January-March period of this year due to the increase in prices in its menus and despite the loss of US$ 127 million linked to the suspension of its activities in Russia.
Sales in the United States, its most important market, rose 3.5%, thanks to “strategic price increases on the menu”, advertising campaigns, and the growth of online sales.
However, McDonald’s It has expressed that it faces an increase in the cost of raw materials such as chicken and beef. He also raised their salaries a bit.
Abroad, sales increased even more, with differences depending on the restrictions due to the COVID-19 in each country.
Despite the results of the first quarter, the company’s net income in the period considered fell, however, 28% to US$ 1,100 million.
Source: Larepublica
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